European refineries first in line for US shale boom

The US is on its way to becoming the biggest oil nation in the world in 2023, but the country's refineries do not have the capacity to handle the many new barrels of oil. Europe in particular could become a major buyer of US shale oil, says Wood Mackenzie.

BY DANIEL LOGAN BERG-MUNCH, SHIPPINGWATCH

Tanker carriers freighting crude oil to the world's refineries can look forward to rising traffic across the Atlantic as US production of shale oil grows.

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